IDFC First Bank Pays ₹583 Crore to Haryana Government After ₹590 Crore Fraud at Chandigarh Branch
Bank Clears Principal and Interest Amid Ongoing Investigation
New Delhi, February 24: IDFC First Bank has paid ₹583 crore to the relevant departments of the Haryana government, covering 100 percent...
account closure
au small finance bank
bank branch
bank employees
chandigarh
financial discrepancy
financial fraud
fraud investigation
governmentaccounts
haryana government
idfc first bank
recovery of funds
regulatory filing
state government
IDFC First Bank Stock Crashes Following Fraud Revelation
New Delhi, February 23: Shares of IDFC First Bank plunged by 20 percent on Monday after the lender disclosed a ₹590 crore fraud involving accounts linked to the Haryana government.The stock tumbled 19.99 percent to ₹66.85 on the BSE...
account management
au small finance bank
bank employees
banking sector
corporate governance
de-empaneled
financial crime
financial fraud
financial reporting
fraud
governmentaccounts
haryana government
idfc first bank
india
stock market
RBI Assures Stability Amid IDFC First Bank Fraud Case
New Delhi, February 23: The Reserve Bank of India has confirmed that it is closely monitoring developments surrounding the ₹590 crore fraud reported by IDFC First Bank, with Governor Sanjay Malhotra stating that there is no systemic issue...
account fraud
bank supervision
banking regulation
chandigarh
financial crime
financial investigation
fraud
governmentaccounts
haryana government
idfc first bank
nirmala sitharaman
post-budget address
rbi
reserve bank of india
sanjay malhotra
New Delhi, February 23: AU Small Finance Bank has denied any wrongdoing in connection with the alleged fraudulent opening of accounts after the Haryana government de-empaneled it from undertaking government business in the state.In a circular issued by the finance department, the Haryana...
account closure
account opening
au small finance bank
bank audits
de-empanelment
deposits
financial fraud
financial transactions
governmentaccounts
haryana
haryana government
idfc first bank
internal review
kyc checks
transaction monitoring
Four Officials Suspended as Bank Initiates Criminal and Forensic Action
New Delhi, February 22: IDFC First Bank has disclosed a fraud amounting to ₹590 crore at its Chandigarh branch, involving accounts linked to the Haryana government. The bank confirmed on Sunday that four suspected officials...